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Bids Invited for Shares of Lumbermens Subsidiary

Friday, September 15, 2017
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The Office of the Special Deputy Receiver in the Illinois Department of Insurance has issued an invitation for bids to buy all shares of stock of Specialty Surplus Insurance Co., a subsidiary of Lumbermens Mutual Casualty Co., which is in liquidation.
According to the invitation, Lumbermens bought Investors Insurance Co., a New Jersey- domiciled stock property and casualty company, from Markel Corp. in January 2000. Lumbermens changed the name of the company to Specialty Surplus Insurance Co. Lumbermens caused SSIC to be re-domiciled in Illinois as a stock property and casualty company in Apr...

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